The Charity CFO

MAY 10, 2022

If your nonprofit uses donations of supplies, services, and even time to help fund your operations, you need to know about recent changes in accounting standards for in kind donations. So now is the perfect time to make sure you report in kind gift donations in compliance with GAAP standards in 2022. Get the free guide!

Accounting Standards 98

Accounting Standards Accounting GAAP Nonprofit 98

Bramasol

JULY 31, 2023

This new post provides a deeper look at how the leasing of medical equipment along with other bundled services or products presents particular challenges for meshing contracts and lessor accounting with DSE management and revenue recognition. According to Allied Market Research, "The global medical equipment rental market was valued at $56.0

Accounting 71

Accounting SAP GAAP IFRS 71

Bramasol

MAY 13, 2024

The PCAOB and AICPA essentially interpret and enforce accounting rules as promulgated by the Financial Accounting Standards Board (FASB) , which is responsible for establishing and improving accounting standards for financial reporting in the United States. Why Should You Care?

Auditing 84

Auditing Compliance SAP Accounting Standards 84

PYMNTS

JUNE 10, 2019

Reports in The Block Crypto late last week said a group of California CPAs has sent a letter to the Financial Accounting Standards Board, a federal board that sets Generally Accepted Accounting Principles (GAAP), requesting that it consider establishing a task force to address a lack of clarity in cryptocurrency accounting standards.

Accounting 51

Accounting IFRS GAAP Accounting Standards 51

Planful

JULY 5, 2016

However, the revenue recognition guidance offered under US GAAP vs. IFRS has differed and was in need of improvement. So for a number of years, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have been working to converge their guidelines for revenue recognition.

Budgeting 40

Budgeting IFRS Planning GAAP 40

CFO Share

NOVEMBER 11, 2023

Notice there is little objective validation of the value of intangibles; you cannot easily price them on an open market or compare them to alternatives for sale. Instead, they are created as an accounting “plug” to facilitate double-entry bookkeeping standards. How Long Can I Amortize Intangible Assets?

GAAP 52

GAAP Accounting Standards Strategic Planning Accounting 52

VCFO

NOVEMBER 1, 2023

Furthermore, the plan can be tailored to include a vesting option which serves to help retention of key employees in a tight labor market. Assessing Accounting For entities preparing GAAP compliant financial statements, adoption of Revenue Recognition Standard (ASC 606) and Lease Accounting Standard (ASC 842) is now mandatory.

Finance 88

Finance Strategic Planning Auditing CFO 88